“Tesla’s decision to accept Bitcoin opens it up to ‘currency of thieves’”

Feb 10, 2021 | Currencies

I was asked this week why I hadn’t recommended a certain ‘positive change fund’, which grew 85% last year. Looking under the bonnet, I saw that 10% of it, some £25m, was invested in Tesla, the rest in a variety of techie companies of which I hadn’t heard. If I’d put it on the buy list, I’m sure I’d be still more of a hero to many a PJFS client. However, it could have gone either way and with Tesla, now using bitcoins and not actually making very much of its money from pricey electric cars, it probably will. But I don’t think that’s much of a revelation. Elon’s not exactly low profile, is he?

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El Salvador plans to make Bitcoin its official currency

I avoid recommending stuff which even I don’t understand. That’s where I am with Bitcoin and Cryptocurrencies. The cost of mining them, for example: aren’t they just computer algorithms? Could I coherently explain a computer algorithm? Yes, many, including one or two...